Reserve Bank Governor Raghuram Rajan has said India will not give up all limits on investments in bonds by Foreign Institutional Investors as a precondition for inclusion in global indices for bonds. The major indices of the world are insisting that India should lift caps on foreign institutional money inflows before admitting the country. Mr Rajan said that talks in this regard are still on. He said the condition of a complete elimination of limits on government securities holdings by international investors cannot be met by the country. Mr Rajan further said that until they see through the process of unwinding of the quantitative easing as well as the beginning of the interest rate tightening cycle in the developed world, it will be premature to completely abandon all limits. He added that any such move will be irresponsible. The RBI Governor was speaking with analysts in Mumbai yesterday. He also said that foreign investors are welcome in the country's markets and the country has been constantly expanding the limits as and when the investments expand.